お知らせ • May 24
ALD S.A. (ENXTPA:ALD) completed the acquisition of LeasePlan Corporation N.V. from a consortium of GIC Pte. Ltd., Abu Dhabi Investment Authority led by TDR Capital LLP for €4.8 billion.
ALD S.A. (ENXTPA:ALD) signed an memorandum of understanding to acquire LeasePlan Corporation N.V. from a consortium of GIC Pte. Ltd., Abu Dhabi Investment Authority led by TDR Capital LLP for €4.9 billion on January 6, 2022. As of April 22, 2022, ALD S.A. signed an agreement to acquire LeasePlan Corporation N.V. from a consortium of GIC Pte. Ltd., Abu Dhabi Investment Authority led by TDR Capital LLP. Under the terms of transaction, €2.7 billion will be funded through €2 billion in cash, which will be funded through a €1.3 billion rights issue, with the balance of €0.7 billion to come from surplus capital and remaining will be issued through shares. Societe Generale would own 53% stake in 'New ALD' and leaseplan shareholders will own 30.75% stake. Gilles Bellemère has decided to step down from his position as deputy chief executive officer of ALD when acquisition of leaseplan takes place. The deal is subject to approval from regulatory body and antitrust approval, approval of ALD shareholders and other conidiations. As of November 8, 2022, the transaction has obtained merger clearance from Competition and Markets Authority (CMA) and decided not to refer to phase 2 investigation. On November 25, 2022, The European Commission (EC) announced its approval of the acquisition of LeasePlan Corporation NV by French Ald Automotive and the approval is conditional on full compliance with commitments offered by ALD. As of December 5, 2022, the transaction has been cleared by CMA on November 8, 2022. The proposed transaction would be expected to close by Q1, 2023. As of March 22, 2023, the transaction is expected to be closed by April 28, 2023. Under the terms of transaction, the proposed combination of ALD and LeasePlan into NewALD is expected to be highly synergetic and create an opportunity to cross-leverage the two companies. Transaction is expected to be highly accretive for ALD shareholders. Considering the benefits of fully phased synergies and excluding restructuring costs, the pro-forma accretion of normalized earnings per share should be c.20% in 2023.
Will Aitken-Davies, Dan Schuster-Woldan, Bruno Derieux, Mariken van Esch, Nicolas Le Guillou, Christian Ahlborn, Neil Hoolihan, Jamie Coomber, Cyril Boussion, Peter Bevan, Bas Jennen, Ngoc-Hong Ma, Géric Clomes, Vincent Gerlach and Bertrand Sénéchal of Linklaters acted as legal advisor to the shareholders of LeasePlan. Darrois Villey Maillot Brochier acted as legal advisor to ALD S.A., Matthieu Pouchepadass of Bredin Prat and Mariken van Loopik, Peter Lawley, Wiebe Dijkstra, Barbara Kloppert, Sven Dumoulin and Jan Willem Hoevers of De Brauw Blackstone Westbroek acted as legal advisor to LeasePlan Corporation. Linklaters CIS provide legal advice to TDR Capital LLP and Gide Loyrette Nouel A.A.R.P.I. provide legal advice to ALD S.A. , and Flichy Grangé Avocats provide legal advice to ALD S.A. SG Corporate & Investment Banking acted as financial advisor to ALD S.A. PwC acted as accountant in this transaction. Olivier de Vilmorin, Eric M. Diamond and Benjamin C. Perry of Sullivan & Cromwell LLP acted as legal advisor to LeasePlan. Ernst & Young Transaction Services France acted as financial advisor to ALD S.A. in the transaction.
ALD S.A. (ENXTPA:ALD) completed the acquisition of LeasePlan Corporation N.V. from a consortium of GIC Pte. Ltd., Abu Dhabi Investment Authority led by TDR Capital LLP for €4.8 billion on May 22, 2023.